Standard Life Investments is reconsidering its remuneration policy following the departure of Euan Munro.
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Munro, one of the founding members of the group’s £18 billion Global Absolute Return Strategies (GARS) team and head of the multi-asset at the group, will leave the company in January to become CEO of Aviva Investors.
Munro’s move follows the departure of David Millar, Dave Jubb and Richard Batty, who left the copany last September to join Invesco Perpetual. All three held key roles in the GARS multi-asset team.
Guy Stern, who has been appointed as head of multi-asset and macro investing following Munro’s departure, said Standard Life Investments is reviewing its incentivisation programme.
Stern said: "There will always be big debate over remuneration as there will always be somebody chasing the best people and I suppose we should take it as a bit of a compliment that our people are sought after by other organisations, who would like to build something as successful as we have done here.
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By GlobalData"There are reviews taking place about our whether our compensation and incentive of all our long-term lock ins are correct, so those are the kind of things that are being reviewed, " added Stern.
